Smart Money Is Betting Big In CMG Options
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), as observed through 15 uncommon options trades. The overall sentiment is split, with 26% bullish and 33% bearish. The major market movers are focusing on a price band between $2180.0 and $3400.0 for CMG. The current price of CMG is $3147.26, down 0.69%. Analysts have mixed ratings, with target prices ranging from $3000 to $3520.
June 10, 2024 | 2:30 pm
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Investors with significant capital have taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), as observed through 15 uncommon options trades. The overall sentiment is split, with 26% bullish and 33% bearish. The current price of CMG is $3147.26, down 0.69%.
The significant bearish sentiment from large investors, as indicated by the options trades, suggests a potential short-term decline in CMG's stock price. The mixed analyst ratings and the current price drop further support this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100